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Nonprofit · EIN 20-0500732

IBEW LOCAL NO 456 SUPPLEMENTAL WELFARE FUND

Also known as EGAN JOSEPH TTEE

Tax-exempt · WEST TRENTON, NJ 08628

Financials

$10.8M$7.8M2023$11.5M$8M2024
Revenue Expenses · by fiscal year end
Financials of IBEW LOCAL NO 456 SUPPLEMENTAL WELFARE FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$11,465,511$7,956,571$3,508,940$11,412,959$894,338$10,518,621
December 31, 2023990$10,821,336$7,802,859$3,018,477$7,868,699$911,203$6,957,496
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$11,181,647
Investment income
$283,864
Net gain from sales of assets
$270
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$7,566,650
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$2,882
Accounting fees
$13,931

Balance sheet and other

Total assets, start of year
$7,868,699
Total assets, end of year
$11,412,959
Total liabilities, end of year
$894,338
Net assets, end of year
$10,518,621
Publicly traded securities
$9,385,850
Gross receipts
$11,476,934
Employees
0
Volunteers
0
Year formed
2000
State of legal domicile
NJ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL G MCLAUGHLINTRUSTEE
Trustee or director
1$0$249,834$140,541
KEVIN P EGANTRUSTEE
Trustee or director
1$0$242,006$140,541
DENNIS F CRONINTRUSTEE
Trustee or director
1$0$2,935$0
HARRY C ALEXANDERTRUSTEE
Trustee or director
1$0$0$0
TERRANCE CRAIGTRUSTEE
Trustee or director
1$0$0$0
JEFFERY SHAUTETRUSTEE
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL G MCLAUGHLINTRUSTEE
Trustee or director
1$0$238,998$133,309
KEVIN P EGANTRUSTEE
Trustee or director
1$0$231,372$133,862
DENNIS F CRONINTRUSTEE
Trustee or director
1$0$2,860$0
HARRY C ALEXANDERTRUSTEE
Trustee or director
1$0$0$0
TERRANCE CRAIGTRUSTEE
Trustee or director
1$0$0$0
JEFFERY SHAUTETRUSTEE
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
830 BEAR TAVERN ROAD, WEST TRENTON, NJ 08628-1020
In care of
% I E SHAFFER & CO
Principal officer (990 for 2024)
MICHAEL G MCLAUGHLIN, 830 BEAR TAVERN ROAD PO BOX 1028, WEST TRENTON, NJ 08628
Signed the 990
MICHAEL G MCLAUGHLIN, TRUSTEE
Phone
(609) 718-1323
Return prepared by
MSPC CPAS & ADVISORS PC

Mission

TO PROVIDE SUPPLEMENTAL GROUP HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE SUPPLEMENTAL GROUP HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-0500732
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
2004
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$11,412,959
Income (IRS master file)
$11,476,934

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$11,465,511$7,956,571$11,412,959IRS
990December 2023$10,821,336$7,802,859$7,868,699XML
990December 2022$5,944,533$8,665,026$4,622,350IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0500732).

Questions about IBEW LOCAL NO 456 SUPPLEMENTAL WELFARE FUND

What is the EIN of IBEW LOCAL NO 456 SUPPLEMENTAL WELFARE FUND?
The employer identification number (EIN) of IBEW LOCAL NO 456 SUPPLEMENTAL WELFARE FUND is 20-0500732.
Is IBEW LOCAL NO 456 SUPPLEMENTAL WELFARE FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2004.
Are donations to IBEW LOCAL NO 456 SUPPLEMENTAL WELFARE FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does IBEW LOCAL NO 456 SUPPLEMENTAL WELFARE FUND file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of IBEW LOCAL NO 456 SUPPLEMENTAL WELFARE FUND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did IBEW LOCAL NO 456 SUPPLEMENTAL WELFARE FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of IBEW LOCAL NO 456 SUPPLEMENTAL WELFARE FUND?
The 990 for the year ended December 31, 2024 names MICHAEL G MCLAUGHLIN.
Who are the officers and directors of IBEW LOCAL NO 456 SUPPLEMENTAL WELFARE FUND?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does IBEW LOCAL NO 456 SUPPLEMENTAL WELFARE FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $11,465,511, expenses of $7,956,571 and total assets of $11,412,959 at year end.

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